Torex Gold Resources Ltd.

Torex Gold Resources Inc. reported strong drilling and exploration results across the Morelos Property, including the San Miguel corridor, Media Luna, ELG Underground, and regional targets such as Atzcala and El Naranjo. A particularly important development is evidence of a vertically continuous, high-grade mineralized feeder zone along the San Miguel fault, which could meaningfully influence how Torex sequences and optimizes future production at Media Luna and surrounding areas. The company reaffirmed 2026 production guidance of 420,000 to 470,000 ounces AuEq, a target that stronger grades at Media Luna and ELG Underground, combined with the emerging high-grade potential along the San Miguel corridor, could help support. Torex's narrative projects $2.2 billion revenue and $713.1 million earnings by 2029, requiring 6.4% yearly revenue growth and about a $110.6 million earnings increase from $602.5 million today. Three Simply Wall St Community fair value estimates for Torex range from CA$71.40 to CA$92.82, against a CA$92.36 fair value estimate implying 33% upside to the current price.

Torex Gold Resources Inc. announced the results of its 2026 annual and special meeting of shareholders, marking the formal transition of Andrew Snowden into the role of President and CEO. Mr. Snowden was elected to the Board of Directors alongside the re-election of seven current directors, and Rick Howes was re-appointed as Chair of the Board. Shareholders also approved a special resolution to change the company's name to Torex Resources Inc., subject to regulatory approval, with the change expected later this year. Additionally, KPMG LLP was re-appointed as auditor, and a non-binding advisory resolution on executive compensation was passed with 96.61% of votes in favor.